Norbert Michael Witt of Amherst, New York, a stockbroker formerly registered with LPL Financial LLC, is the subject of a customer initiated investment related complaint on November 1, 2020, where the customer requested $14,000.00 in damages based upon accusations that Witt supposedly failed to follow “instructions” (whatever that means) concerning the customer’s account during the time that Witt was associated with LPL Financial LLC.
FINRA Public Disclosure shows that twenty years ago Witt was referenced in three customer initiated investment related disputes concerning Witt’s conduct while associated with securities broker dealers, including Royal Alliance Associates Inc. and Securities Service Network LLC. On August 28, 2001, a customer initiated investment related complaint involving Witt’s activities was settled for $8,750.00 in damages based upon allegations that Witt acted negligently with regard to the recommendation and sale of tax credit limited partnerships during the period that Witt was associated with Royal Alliance Associates Inc.
On November 22, 2002, another customer initiated investment related civil action involving Witt’s conduct was settled for $30,000.00 in damages based upon accusations that Witt made unsuitable recommendations of limited partnership interests when Witt was associated with Royal Alliance Associates Inc. Civil Action No. 01-02812.
Public Disclosure shows that Witt is also referenced in a customer initiated investment related complaint on February 28, 2006, where the customer sought $5,000.00 in damages based upon allegations that Witt made unauthorized transactions and switches and failed to meet breakpoints in connection with the sale of mutual funds during the time that Witt was associated with Securities Service Network LLC.
Otherwise, Witt is without any disclosable customer complaints or arbitration proceedings. However, Witt’s registration with LPL Financial LLC was terminated on October 19, 2021. Witt has been registered with SCF Securities Inc. as a stockbroker since October 1, 2021. He has been registered with SCF Investment Advisors Inc. as an investment adviser representative since October 2, 2021.
